1-year ARM refinance
1-year ARM refinance
A 1-year ARM (adjustable-rate mortgage) refinance is a type of mortgage loan that replaces an existing mortgage loan. The new debt has an initial interest rate that remains in effect for one year, after which the rate is adjusted once annually. Adjustments are based on the movement of an underlying benchmark, but do not exceed specified interest rate caps.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed |
4.39 |
| 5/1 ARM | 3.69 |
Rates may contain points
